The combined production costs from all departments for completed products are transferred to the Cost of Goods Sold account immediately after the completion of all production processes

For 2016, Val and Pat White, both age 30, filed a joint return. Val earned $45,000 in wages and was covered by his employer's qualified pension plan. Pat was unemployed and received $6,000 in alimony payments for the first 4 months of the year before remarrying. The couple had no other income. Each contributed $5,500 to an IRA account. The allowable IRA deduction on their 2016 joint tax return is

a) $5,750 b) $5,500 c) $11,000 d) $0

A(n) ________ is a distribution of an estate in which each grandchild and great-grandchild of the deceased inherits equally with the children of the deceased

A) abatement B) per stirpes distribution C) per capita distribution D) ademption